FINAL EXAMINATION
Development Economics
Instruction: Answer questions exhaustively supported with data, information, facts, and examples.
1. Discuss economic development and its importance in nation building. Give three (3) examples.
2. Based on your own understanding, discuss comparative economic development highlighting the
characteristics of the developing world including the living standards of the developed and developing
nations. Give three (3) examples.
3. Discuss all Classic Theories of Economic Development and give three (3) examples for each theory.
4. Discuss all Contemporary Models of Development and Underdevelopment and give three (3) examples
for each model.
5. How does poverty and inequality affect development? Give three (3) examples to support your
discussion.
6. Should population growth be managed by the government? How would it impact development?
7. Discuss urbanization and rural-urban migration. Give three (3) examples where you can say that these
scenarios are present.
8. Discuss Human Capital while focusing on education and health. What is the status of education and
heath in the Philippines? Support with data and statistics.
9. How agricultural transformation shape rural development in the Philippines?
10. How does environment affect development of a nation like the Philippines? Give three (3) examples.
11. Explain development planning and the processes involved including some basic models.
12. Discuss the international trade theory and the development strategy. Give three (3) examples to
support your discussion.
13. How does Balance of Payments influence economic development? As of today, how much is the debt
of the Philippines and its implication to development? Which financial crisis do you think seriously
affected the Philippine economy?
14. Do you think investment in the Philippines is enough to stimulate the economy? Explain your answer
by giving three (3) examples.
15. How do aid and conflict affect economic development? Give three (3) examples to support your
discussion.
16. Discuss the role of financial system in economic development. Give three (3) examples.
17. Differentiate Fiscal Policy to Monetary Policy and its impact to economic development. Give three
(3) examples.